Inspired to make a gift-- for friends' daughters

So many of my friends have had little girls in the past two years... I think if I got them all together, we could make a female water polo team or at least a few ensembles of synchronized swimmers. I've been thinking for a while about making some cute things for these kids... and recently I saw this dress from MiuMiu, which to me is inherently youthful, even juvenile.
With the right fabrics, I can't be so crazy that this Kwik Sew pattern doesn't seem like a good choice to re-envision that runway look! Some pretty cottons, make a tiny cape with some black fabric, and the tiny fashionistas are ready for the day!